economics

Development plans in Nigeria have deviated from their targets due to?

A. lack of manpower B. political instability C. high population growth rate D. brain drain in the country E. inadequate…

5 years ago

Progressive system of taxation implies that the?

A. poor pay relatively more B. tax rate falls as the tax base increases C. tax rate increases as the…

5 years ago

An increase in marginal propensity to save will lead to?

A. an increase in marginal propensity to consume B. a decrease in the level of consumption C. an immediate decrease…

5 years ago

The expenditure of a firm on goods and services for the expansion of its productive capacity is known as?

A. income B. investment C. savings D. profits E. interest Correct Answer: Option B - investment

5 years ago

Which of the following is a factor affecting the size of national income?

A. size of the active population B. taste of the consumers C. Number of registered trade unions D. Credit-worthiness of…

5 years ago

The West African house was established to?

A. finance development projects in Africa B. enhance financial transaction among members countries C. provide technical assistance to members countries…

5 years ago

Banks create money by?

A. giving drafts to customers B. printing more money C. lending our deposits to borrowers D. issuing cheques E. depositing…

5 years ago

If a government which owned a company N10,000 in 1996 paid the debt fully in 1985 when the value of money has depreciated by 20 Percent, such a government had

A. lost B. been placed at par with the company C. gained D. stabilizing the value of money E. increased…

5 years ago

Which of the following is used to measure inflation?

A. Open market operation B. Cash-deposit ratio C. price index D. Multiplier E. Fiscal policy Correct Answer: Option C -…

5 years ago

An imperfect competitor is in equilibrium when?

A. Marginal cost (MC) is equal to Marginal Revenue (MR) B. Marginal Revenue (MR) equal to Price (P) C. Average…

5 years ago